Ace In The Hole Foundation Inc
- Assets
- $39.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Westhampton Beach, NY
- Founding
- 12/2008
- Data as of
- 12/2023
- EIN
- 32-0242966
Organization Overview
Ace In The Hole Foundation Inc is located in Westhampton Beach, NY. The organization was established in 2008. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ace In The Hole Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Ace In The Hole Foundation Inc generated $22.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (12.6%) each year. All expenses for the organization totaled $25.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (15.9%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
IN THE SPIRIT OF DECEASED US MARINE CORPS 1ST LIEUTENANCT MICHAEL LUCIAN LICALZI, THE ORGANIZATION IS ENGAGED IN RAISING FUNDS AND SPONSORING/PARTICIPATING IN CHARITABLE EVENTS TO SUPPORT VARIOUS CHARITABLE CAUSES. IN ADDITION, THE ORGANIZATION MAY PROVIDE FINANCIAL ASSISTANCE TO ANY NEEDY OR DESERVING ARMED SERVICES PERSONNEL AND/OR THE CHILDREN AND FAMILIES OF ACTIVE, RETIRED OR DECEASED ARMED SERVICES PERSONNEL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory Licalzi Jr President | 1 | $0 | |
Name Not Listed Vice Preside | 1 | $0 | |
Name Not Listed Secretary | 1 | $0 | |
Name Not Listed Development | 2 | $0 | |
Kimberly Licalzi Treasurer | 1 | $0 | |
Luke Licalzi Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,922 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $22,922 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $1,023 |
| Total expenses | $25,503 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $39,690 |
| Other assets | $0 |
| Total assets | $39,690 |
| Total liabilities | $0 |
| Net assets or fund balances | $39,690 |